 The following is a presentation of TFNN. Market's kickoff with your host, Tommy O'Brien. Good Monday morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN just after 9 a.m. eastern time. As we kick off the trading week, we kick off September. It's Tuesday morning. That was a little bit of recalibration. Coming off the long weekend there. Happy Tuesday morning. Hope everyone had a great Labor Day weekend. As we kick into the action this morning, you got the S&Ps down about four points. We check out the action on a 10-minute basis. Earlier this morning, down to about 4,500. We just got quite a little acceleration up to 4,520. NASDAQ 100, we're negative by 44 points right now. Trading at 15,471. We're trading up 19 points in the Dow at 34,902. And the Russell, negative by 10. You jump over to Crude. How about it, right? Crude. Accelerating higher, man. 9 o'clock. Not sure what just got said. Somebody have something in the dead man. We just jumped to buck 50. What was that? Tuesday at 9 o'clock in the morning in terms of Crude. Catching quite a lift there. We have some action going on. You got the gold contract moving this morning. 1958 right now. We jump over to the dollar index when you got commodities moving. Yeah, so what's going on right now? We got action across the board even in the last few minutes. Dollar was up at almost 105. We pull back a little bit right now to 104.60. You jump over to yields. The story last week and how about the retracement? How about it? And it's continuing today. Down about 12 ticks on Friday. You spike on the jobs number to 111.12. We're now a point and six ticks below that number. Pretty remarkable in terms of where we are with you. Welcome, folks. We got a switch off here. It's a beautiful thing. Dow. Dow investors right now down 41. You get the Nasdaq up 20 S&Ps are down three. Gold contracts down 1350 trading at 1953. You get silver down 42 cents. $24.14. An ounce of light sweet crude. Up a buck 15. $86.70 a barrel. Notes and bonds. A 10-year note down 16 ticks. Trading 1102. The 30-year of full point at 1.19.12. And king dollar. King dollar trading up 603 at 104.839. The euro is at 107. The yen is out here trading at a price point of 147. The British pound is at 125 to 1 US dollar. Our phone number is 877-927-6648. Let's take a look at this, folks. I'm going to go right to the dollar. And this is why. Because, okay, check this out, man. This is pretty intense. So, dollar out here this morning. Friday, we came up to the underbelly of the break downtown. Today, you blew it away. Whoops. Oh, one second, I'm going to do this again. You not only blew it away, you went after, not after you actually broke the swing that it's been trying to do for quite some time. Okay, get this together, Tom, one second. Because this is pretty cool, man. And this is what's going to rule the market today. And for quite some time, actually, not just today. Okay, so there's the break. You come back up. You blow it away this morning, right? Now, when you check this out, what you're going to see is that the number you're going to keep your eye on out here today is going to be the 104 699. And what you can see that happened prior to 7.30 this morning, 8 o'clock this morning, 8.40 to be exact, okay? The bottom line, the dollar dropped out of bed again. Like, really quick, too. I mean, you know, this is how it moves. But the bottom line is 8.40. It goes from over the swing point underneath the swing point, okay? That being said, go back over it. Now, when that was doing that, okay, and this is what I want you to wrap your head around. This is what was so interesting this morning when this was happening. The European market, okay? You know, right now the European market's down, anyway, from 1 tenth of a percent to 3 tenths of a percent. Well, the European market was flat. And the gold contract, okay, was not getting destroyed. So, what that says to me is that we're going to have a failure inside the dollar today. Take a look at the gold contract. We're at 10.53 right now. We got down to 19.53. We got down to 19.50. That being said, that's not a big move because of the fact that you're actually going into strength, and if you're, you know, in gold or silver equities, they're all going into August 29th or August 25th. Strength. That's what they're doing. Gold contract today, you know, is getting into this number. And then if we go to the S&P, what you're going to see is that you talk about moving around. These things are moving around like big time. So, we had the S&P get down to 4500, yet didn't break the overnight low. And you can see if we open this up a bit. Sorry about that, folks. I just came in here because I wanted to get this done. Nope. I'll talk to you later. Okay. So, if you take a look at this, this is the overnight low. Overnight low out there was, let's see, four... was it 4500? Yeah, 4500. We came down to 45.01.75. It's going to be a cool day. And then, okay, so if we put this on a daily now, right? What I expect you're going to see out here today is this. You're going to see this, did all of fail somehow? The spies already rejected 459.17. This spy is looking to go to its highs. The highs generated out here being the 459.44. We go into the cues. We take a look at the cues. Well, first, let's do the end cues. We take a look at the end cues. And what you're going to see with the end cues, they're in the positive, okay? They not only, you know, didn't get down to the lows, they basically came off them with some strength. Yeah, they did. They came off them with some strength. What time was that? Yeah, that's what I was writing here. They came off them with some strength. They're challenging the highs of Friday. You take a look at the cues. Cues want to do the same thing. You know, the cues have a little bit different setup, but the bottom line is that they want to do the same thing. So now what you're going to have in the cues is that you rejected 375. You're at 378.99. The last high out here happens to be the 387.90. That thing wants to get banged, you know, so we'll see how this is shaken up. Some of the bonds, we're going to do the bonds because the bonds we're doing, bonds, the gold and gold, we're doing the same thing, meaning they were coming into, let me show you here, they were coming into, they came into the strength and now I get a better understanding about the volume so you're going to see they're coming in with tremendously lighter volume. They're coming into the strength of the 29th as well as the 25th. And you're going to need a lot more sellers there because you can see that's where we're coming in right here. That had 2.9, 2.72 million contracts. Right now you've only done 946,000 so we'll end up doing about 1.7, probably 1.6. Our phone number is 877-927-6648. We have the Dow. The Dow Industries right now is trading down 37. We get the NASDAQ up 21. S&Ps down 2.5. Stay right there folks, we'll come right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar Yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. 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Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, Educating Investors. Come back, folks. We have the Dow. Dow investors right now down 35, now it's except 22. S&Ps are off three. Let's go inside the Dow first and take a look at the strength versus the weakness. You've got to remember something, folks. You're still in window dressing right now, so you can get some movement out here. Point-wise, what we have is this. You have Microsoft putting 36 positive points. Is that IBM? Yeah, IBM? No, no. United Health putting 35. You've got Chevron putting 10. Taken away from it, you have Home Depot minus 28. You've got Goldman Sachs minus 18. Inside the NDX100, what do we have? Inside the NDX100, you've got Airbnb. That's a big move. We'll pull that up a big percent. You've got Tesla up 3.2, Netflix is up 2.7. Taken away from it, Illumina is down 5.2. You've got Siri Satellite up 2.6. So let's go to Airbnb first and take a look at Airbnb. So you've got Airbnb up 10.5%, that's a big move. What they have, what they do out here. So, bottom line is that they're just buying it. That's the buy, that's where it comes down to, that's what it looks like. And let's go take a look at Netflix. Sorry, I'm still not sure about that. Stop it. Netflix, N-F-L-X. You take a look at Netflix. Netflix is up 12.95. Now, Netflix also is a high-volume high, folks. So that's going to be going after a high-volume high. We put this on a weekly. And yeah, you can see it's sticking out like a sore thumb. Actually, Netflix is an ABC app. Look at this. So your B-point on Netflix here is 4.56. That's a beauty. 3.15, that's a big one, man. That's going to give you about 5.30. What's up here? Yeah, Netflix and ABC up to 5.30. And you know, on Netflix right now, folks, okay, you have The Big Shot, okay, which is a great movie, folks. I watched it last night. And it goes to, you want to watch it if you haven't seen it yet. It goes to the heart of Wall Street and the corruption and the fraud inside the mortgage market and the terror. The terror, actually. You know, these guys end up making money, but I'm sure a lot of them didn't. The terror in order to stay in that trade, because what had happened, and I remember this so well, man, because here, let me show you something. I remember when this was happening, because I was shot at the home builders myself. So watch this. This is what had happened. This was so deviant. It was unbelievable, actually. So we pulled this up. I go back. I go back. I gotta go back, what, 15, 20 years now, right? It's had to comprehend. Is that it right there? It was 2007. My God, I can't believe it's that long ago. So weird. It seems like yesterday. Okay, so here it is right here. So let me spread this out a little. So this is Toll Brothers, right? And what had happened is that the mortgage market started falling apart. And this was the end of 2005. And what you had is that you still had Toll Brothers, all these home builders were going to highs, even when it was falling apart. And they show, basically, in the movie about how the actual banks were holding up the... Well, the banks could mock to market themselves. They had the ability on the CDOs and the mortgage-backed securities, the MBSs, to mock to market themselves. And the markets fallen apart, but yet they decided to start mocking them up instead of down, okay? So check it out. Just go through this kind of slow so you can understand what happened here. So they're mocking them up, even though they knew that they were worth less money because that's the first part. Second part is that the rating agencies, they show that a couple of these firms, went to the rating agencies, meaning the firms that were going to shot them. They hadn't gone shot yet, but they were basically doing homework to say that, okay, man, there's something wrong here, okay? So one of the rating agencies, how the rating agencies weren't even looking into what was in the tranches. So inside a tranche, okay? Inside the MBS, okay? Inside the whole structure, so you have one vehicle that's trading. Inside that vehicle you have thousands of mortgages. Some of them are AAA, some of them are AA, some of them are B, and that's how... they were saying that the subprimes would be at that particular point. And the agency, I don't know if this actually happened, but in the movie it happened, the agency says that, well, if we don't give them a AAA, they're just going to walk down the street, which is going to block away, and the other agency is going to give it to them. Okay? So this kept going on, but this went on for two years when the market was falling apart. They showed that, you know, what it took to stay in this trade, they were sending people, you know, down into Florida, into Arizona, and when they were coming into these developments, right? One development had 225 houses. There were only four houses that were occupied. The houses that were occupied, the people were paying their rent, but of course, you know, the landlord wasn't paying it, and that trunch, all those mortgages were inside, you know, this one basically security. Then they showed, and this was the kicker man, then they went to the mortgage brokers, okay, that were selling the mortgages to Wall Street, and they were interviewing the mortgage brokers, and the mortgage brokers at that particular point were living high off the hog and beyond belief, and they asked them, they said, okay, you know, the brokers explained in that, listen, I'm selling to immigrants, I'm selling to strippers, I'm selling, there's nothing wrong with any of these people, I'm not saying that, but the bottom line, each one of these are buying five houses, right? And if they closed the house on a Friday, Wall Street would buy that mortgage off them on Monday, and if they sold them a regular conventional mortgage, right, the broker would, on a $500,000 house, the broker would only make $2,000. If they sold them an adjustable, they would make $10,000, and so the first guy that caught on to it was Michael Berry, and on these adjustables, they knew that they were going to readjust on 2007, and the rest, the rest is history. I'll come back to this in a second, but it was about as wild as you can get, because one of the best parts of the movie is actually the synthetic CDOs, and I'll explain what a synthetic CDO is when we come back. Stay right there folks, come right back. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance on the authority and technical market analysis, and it's not just dry, tedious text, either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. 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In the Tigers Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigresses as they share trading ideas, news analysis and discuss the market action all trading day even at night and on the weekends. The Tigers Den at Discord is accessible on mobile or tablets as well so it's always at your reach. To sign up today and become a part of this educational community of traders just visit the front page of TFNN.com That's TFNN.com. Then hit watch Tiger TV. Welcome back folks to Dow. Dow investors right now down 54 you get the Nasdaq off 4, S&Ps are up 7. So a CDO, CDO is collateral debt obligation folks, right? And those CDOs, they had to stop making those because they were bad, they were worse they couldn't put them in the mortgage back security so they decided to make a CDO. Now watch how this worked, this is amazing man. So let's picture that you and I are making a bet right? I think that something's going to go up you think that something's going to go down you know and the reality is that the first bet is 10 million dollars okay so you're going to the bank you think that this CDO has a bunch of junk in it and you feel that it's going to go down well the bank will take your money and you want to bet 10 million on it okay so you bet 10 million on it. At that particular point because the bank and other people at that particular point think that there's no way this is going down this is going to go up because it's a lopsided deal everyone thought it was a lopsided deal okay meaning that hey this is the banks thought it was a no-brainer I was going to sell these all day long well then what the banks decided to do is go market the CDO and say listen we have a client that just marketed this particular that just bought this particular trade and do you want to buy a trade on this trade so the first trade is out there at 10 million okay the next trade and the client would say yeah yeah I'll go 30 million on that one so I'm going to go 30 million at 3 to 1 okay so that's the synthetic CDO because the predication the predication is on the first CDO which is a synthetic CDO also okay but no no the first one wouldn't be the first one actually is trading on the CDO itself so you get the mortgage then you get what that mortgage what the CDO would do you get the CDO what the CDO would do the second one is on 30 million and then they did a third one then the third one at 50 million okay now these numbers I'm just giving you these numbers but percentage wise this is the this is how it shook out so now you have on one CDO that started that only has 10 million in it okay you're at approximately 100 million that's the derivative aspect of Wall Street that's the most of us know what the derivatives are you know that that's what you know that would end up bringing the whole system down okay so now picture that that's one portion of it the second portion and this is where this got really intriguing is that these two young guys that the name of the company was Brownfield these two young guys started in the garage with $110,000 they had brought $110,000 up to 31 million in four years by betting on events they used options to bet on long-term events that people didn't think could happen bottom line 31 million on Wall Street wasn't enough to get them where they wanted to be meaning that they wanted to do a bigger bet and you need a couple hundred million to do that well what happened is that one of the guy's neighbors had already retired from Wall Street because he's disgusted with it they call this guy up and they call him up and they explain what they think is the trade of the century but the trade they did is more intense the trade they did was picture inside of this mortgage-backed security you have the mortgage-backed security and they start out with double A's everyone was basically betting against the aspect of the whole trench going meaning the mortgage-backed security going and by the time that they really figured out what they wanted to do Wall Street was getting a little leery of basically going against the B's because they said they could probably go no one was going against the A's and what they figured out is that no the double A's I'm not double A's the double A's are also sub-prime so they call this guy Ben bottom line he listens he says yep he says you're right you're absolutely right we're going to do it they get together with him they shot the double A's now as they shot the double A's what does end up happening is this now this was right up until if you remember first it was Lehman that was going down the tubes okay then it was Bear Stearns okay right up to almost that day right they show the heartache that all these trades were because these trades were going on going on for about two years these guys had to come up with millions of dollars to stay in the trade right because Wall Street was so crooked that's the real bottom line and this is why this is what Wall Street did this is how it this Wall Street finally decided that oh no man we got to unload all of this junk to the public this is so disgusting it's unbelievable folks so what ends up happening is that they don't show how Wall Street unloaded it to the public okay but the bottom line they loaded it to the public by ETF structures all the rest of the above they have everyone buying buying buying and once Wall Street got as much out as they could they didn't get enough out because we know all the banks went corrupt and we you know went kabut and we had to come up with all the money meaning the tax payers so what ends up happening is that right as this was a week before bear shares went down still to that point their trade wasn't in the positive it's still been in the negative and they have one of these main guys up on a stage going against a bull and a bear and the bear is explaining that yes he's on that side but it's terrible because no one in the audience he has all the bankers in the audience and no one in the audience really understands that the whole economy is going to blow up the people going to lose their jobs people going to lose their houses all because of the fraud on Wall Street so as this is happening that was the day that Bear Stearns goes down 38% in 10 minutes when he's talking now Alan Greenspan was supposed to come up next while what they show is that everyone takes off out of the place the moderator is saying oh well we got Alan Greenspan coming up next the bottom line is that they were not only correct in the assessment the triple A's went as soon as the triple A's went and they showed out every single bank was still holding the bag on billions and billions and it was the banks that basically created all the product sold the product knew they were selling the product and here's the kick up out of all of the people and all the banks right went to jail and this was some poor guy from Credit Swiss that didn't mock to mock a 2 billion in months that he mocked them in the wrong way and they were showing that the banks were doing 20 million a day 20 billion a day like not even thinking about it now here's the real kick up folks the mortgage back securities are back well first you had the the banks beat all the regulation okay they took the money beat the regulation and the mortgage back securities with subprimes in them came back 2015 or 2015 they just named them something else take that after you're gonna be really yeah it's warped I was warped before but now I'm really warped on the banks stay right there folks who come right back get the dial down to 61 Nasdaq's off 22 S&P's are off 11 will come right back if you're gonna be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman Wave up down sequence gives you an edge in identifying 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act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ welcome back folks a doubt down just was down 69 Nasdaq's of 24 S&P's are off 11 and a half and let's go take a look at this oil market because oil has been on a tear yeah it's on an ABC up already and this is following through so you got oil up to 15 for 113,000 contracts this big contract volume so bottom line this thing wants to move man and you remember some A to B equal C to D the A to B is normally a straight line move now this one here this how they ever did a retracement either you know this is a shot retracement it's I don't even think it's a 0.382 retracement yeah it was just a 0.382 so you get the what are we at it's 84 69 right so you got 15 yeah 77, 87, 93 you're at 87 right now in 93's game and you can see the expansion of volume is big man I mean you know we did was that yesterday even though it was close yeah I think it was so you get big volume happening here let's go to the XLE and see how that's shaking out in the XLE because pump wise we're going to be paying for fuel again evidently so the XLE let's put this on didn't do an ABC up on the daily let's take a look at the weekly and the weekly would be yeah it would be this week the shot week oh I see what you have here so you're definitely going for the highs the highs were 91, 95 94, 93 is the number now in the context of the XLE there's some divergence here and what it is is that it just doesn't have the volume right now I mean in fact it's dropping off pretty dramatically so we'll see how this shakes out because the last high so pitch this the first high in the XLE had 770 million the second high when we failed had 552 well we only came into that with 417 that's not how you end up breaking highs so it looks to me like it's going to get up there again but it doesn't look to me like it's going to hold that's how that's basically setting up right now let's go take a look at some of the high flyers well AMZN because now believe it or not you're going to start talking about holiday traffic you got Amazons down to buck 70 that has a high volume high though from a few few months ago let's see on a weekly what we're looking at so you're coming up to the the downdraft that's what's stopping on right now you want to see how ice holds it's pretty intense and you can see the same deal you know on the weekly you're coming down with 600 million and even when we went up we went up to 375 on the monthlies that's 1.4 now the monthly looks a little bit better it's still not as much 1.4 versus 1.2 last month and the 1.2 is going against 1.1 so the monthly doesn't look bad it's going to take a few more months though but Amazon has a few more months in order to get through this area let's go to Apple and take a look at Apple because Apple is going after these highs once again also Apple right now is just off its highs we put this on a monthly yeah see Apple broke its highs and broken with light volume on a monthly we did 1.3 billion versus 2.1 so I mean leave it at Apple Apple will probably test its highs and we're 189 you're talking about 198 but this is going to need a lot more juice in order to hold higher price and Google where Google is shaking out Google is going into 500 565 million with 463 which isn't about either now the animal Nvidia Nvidia put this on a monthly yeah man this is high volume high even this is parabolic but guess what that's a high volume high man so that's going to get tested again that's 502 we'll see where this shakes out but right now Nvidia you know if I take this see Nvidia it wouldn't be a abc up because when you do an abc up if they have big gaps which we have here you got to use the bottom of the gap you don't go all the way down to the end so I use the bottom of the gap you're going to see that when we went to a high we did a .76 retracement from the bottom of the gap to the high of not last high the high before that you come down that's not an abc up and Nvidia right now at these numbers now these are still trading at 112 forward pe but when you look at their revenue this is where this gets wild man you know they went from 7 billion to 13 billion they expect to go to 16 billion and next quarter and if we just talk about the next quarter 16 billion that's in 90 days that's the quarter coming up and they did only 16.7 billion all of 2021 and then that's on the gross if you look on what they're bringing down to the bottom line well they're bringing it to the bottom line too you know last year they made $3.24 they're doing 3 times that this year $10.64 so that doesn't look to me like that's done yet at all in fact because if you remember when Nvidia came out with their numbers they came out 2 billion more in 90 days than what they basically had said prior to that and what the analyst thought prior to that so yeah they're large numbers this is all about AI but guess what AI the spending is going to be a monster deal on AI and coming up the next quarter is going to be huge heads up to see if you get too follow if you get two quarters in a row where the spending on AI goes up that dramatically that's going to make a huge difference let's go take a look at the silver market out here because all these gold and silver stocks as I said at the beginning of the program are doing the exact same thing August 29th and August 25th so if we take a look at silver silver's coming back with 77,000 contracts silver maybe is 23rd let me say I have to go to the SLV for silver because that was changing contracts also so you get the SLV coming back with 6.1 million yeah you fill in this gap you're coming into 12 and 24 that gap looks like it's going to be filled stay right there folks come right back if you're looking for potential trading setups in the stock market then Rocket Equities & Options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for Rocket Equities & Options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN educating investors you might think that 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hosted by a variety of professional traders during market hours the Tiger's Den available to all tigers and tigers for just $1 for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com Welcome back folks down investors right now down 63 Nasdaqs I have 23 SOPs down 10 and a half now it's all about this dollar today folks 104699 we've hit 104907 right now you're trading 104711 because you can see wherever the dollar goes like the first leg down on the dollar when it did give it up that's when you saw the S&P actually only go minus 2 the dollar goes back up and what ends up happening is that the S&P gets to it was bigger than that actually it was the S&P got down to this 4501 when it went back up it goes back down the S&P got to the 4520 so 9 points above we almost went flat now right now it's teetering once again it's at 104692 and the 104699 what that is folks okay that's the point that it's been tried to get to for quite some time not only what it did here and this is so deviant you broke with conviction it comes back up Friday before we took the Labor Day break right at the line and then today it not only blew by the line it blew by the line with strength meaning it was wide price spread it took out the swing point okay and that's the number I'm giving you is the 104699 so you can see how if you're trading foreign currencies you can get whipped like beyond belief as the S&P because it's going tick for tick for the S&P so where that dollar finishes out today that's where that market is going to finish out that dollar finishes above the 104699 you can expect the market to be down slightly you can see that it's not reacting heavily not that heavily but if it goes under that 104 699 you will see those S&P's turn positive have a great day have a safe day stay right there folks we got the think a swim coming up next then we get our man Mr. Larry Pezzavento Jacob's going to be doing my show this afternoon have a great one folks have a safe one